The law firm of Weiss & Lurie has filed a class action lawsuit against Société Générale (OTC:SCGLY) and two individuals associated with it on behalf of purchasers of American Depositary Receipts (“ADRs”) and all United States residents and citizens who purchased Société Générale shares between August 1, 2005 and January 23, 2008.

The complaint charges Société Générale and certain of its executive officers with violations of the Securities Exchange Act of 1934. It alleges that defendants misrepresented or omitted material information regarding Société Générale’s internal controls, risk management procedures, policy and practices; and exposure to subprime real estate loans and collateralized debt obligations (“CDOs”). It also alleges that one of the defendants engaged in insider trading before the disclosure of billions of dollars of write-downs in connection with the Company’s subprime exposure and the loss of more than $7 billion as a result of a “massive fraud” by “unauthorized” trading over a period of two years by one of its derivatives traders.

This action seeks to recover damages on behalf of defrauded investors who purchased Société Générale securities. Plaintiff is represented by Weiss & Lurie, a law firm possessing significant experience and expertise in prosecuting class actions on behalf of defrauded shareholders in federal and state courts throughout the United States. Weiss & Lurie has been responsible for collectively recovering more than a billion dollars on behalf of class members and is one of the nation’s leading firms representing shareholders in securities class action litigation.

If you purchased Société Générale ADRs or other securities during the period of August 1, 2005 through January 23, 2008, you may move the court no later than May 12, 2008, to serve as a lead plaintiff of the class. To serve as a lead plaintiff, you must meet certain legal requirements. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. To be appointed a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as a "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Weiss & Lurie or other counsel of your choice, to serve as your counsel in this action.

If you wish to receive an investor package or if you wish to discuss this action, have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact the attorneys listed in the QuickFacts bar to the right or visit the Contact Us page. If you would like to join this action and retain Weiss & Lurie to represent you, please click on the JOIN NOW link located at the top of the Quick Facts bar to the right.